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Release: Kensington increases maximum LTV on core range

19-Jan-2016

Lender increases maximum LTV on core range to 85% Kensington also introduces 65% LTV products, with rates from 3.34%

Kensington has introduced more choice to its Residential products, increasing the maximum LTV on its core range to 85% and introducing a new 65% LTV product.

Rates start at 3.34% for a 2 Year Fixed at 65% LTV. A 3 Year Fixed is available at 3.64% and a 5 Year Fixed is 4.29%. The Completion Fee on these products is £999.

At 85% LTV, rates start at 4.49% for a 2 Year Fixed and a 3 Year Fixed is 4.79%. The Completion Fee on these products is £1,299.

Kensington is also offering options with free valuations on purchases, free valuations and standard legals on remortgages, and no Completion Fee. A 65% LTV 2 Year Fixed is priced at 3.79% and a 3 Year Fixed is 4.04%. At 85% LTV, a 2 Year Fixed is priced at 4.99% and a 3 Year Fixed is 5.29%.

Steve Griffiths, Head of Sales and Distribution at Kensington, commented:

“Kensington has exciting plans for 2016. We will provide more opportunity for customers whose chances of getting a standard mortgage have been hindered by the complexities of life – and this means more opportunity for brokers to place their difficult cases.  

“One way of growing this opportunity is by increasing the choice of products we are able to offer, with more product LTVs and payment options to better meet the needs our brokers and their clients. But this is just the start, and we look forward to announcing new and exciting changes to our product range in the coming months.”